S&P 500 Wavers at End of Its Best Week in a Month: Markets Wrap
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(Bloomberg) — The post-Christmas session on Wall Street saw stocks fluctuating near their all-time highs as recent signs of economic resilience reinforced positive expectations for corporate profits.
Malaysia Fines Ex-PM Najib $2.8 Billion for 1MDB, Adds Jail Time
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(Bloomberg) — Former Malaysian Prime Minister Najib Razak, already jailed for his role in the 1MDB scandal, faces another 15 years in prison and a fine of 11.4 billion ringgit ($2.8 billion) after being convicted of abuse of power and money laundering in connection with the failed state-run fund.
Stocks Hit Highs as ‘Santa Rally’ Countdown Begins: Markets Wrap
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(Bloomberg) — A relatively quiet session on Wall Street before Christmas saw stocks hitting all-time highs, with more signs the jobs market is not quickly deteriorating supporting bets on a soft economic landing.
S&P 500 Closes at Record High in Tech-Led Advance: Markets Wrap
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(Bloomberg) — Wall Street traders parsing a batch of economic reports in a session marked by a slowdown in transactions drove stocks to all-time highs. Short-dated bonds underperformed. The dollar fell.
Stock Bulls Drive S&P 500 to the Brink of Record: Markets Wrap
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(Bloomberg) — The holiday-shortened week started with gains in stocks amid a broad advance that saw a continuation of the bullish momentum on Wall Street. Oil and gold rallied as the dollar fell.
Fed’s Hammack Says Pause in Rate Cuts Is Her Base Case for Now
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(Bloomberg) — Federal Reserve Bank of Cleveland President Beth Hammack said monetary policy is in a good place to pause and assess the effects of 75 basis points of rate cuts in the economy during the first quarter.
Stock Volume Spikes Amid Record ‘Triple Witching’: Markets Wrap
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(Bloomberg) — The last stretch of a busy week for markets saw stocks climbing while traders faced the expiration of a record pile of options that threatened to amplify price swings. Bitcoin jumped. Bonds fell.
Nine Drugmakers Strike Deals With Trump, With More to Come
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(Bloomberg) — President Donald Trump announced deals with nine pharmaceutical companies on Friday, the latest in a series of pacts designed to lower drug prices for some Americans in exchange for a three-year reprieve from threatened tariffs.
Tech Billionaires Back $1 Billion for CERN’s Next Physics Breakthrough
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(Bloomberg) — Some of the wealthiest individuals in technology including Eric Schmidt and France’s Xavier Niel have pledged as much as €860 million ($1 billion) to CERN to fund a proposed successor to the Large Hadron Collider, as the storied research institute turns to private backers for the first time for future breakthroughs.
Coty Sells Remaining Stake in Haircare Brand Wella to KKR
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(Bloomberg) — Coty Inc. has sold its remaining stake in Wella to KKR & Co. for $750 million in cash and rights to certain future proceeds as the beauty company works to reduce its debt load.
Coty Is Said to Sell Remaining 25.8% Stake in Wella to KKR
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(Bloomberg) — Coty Inc. is selling the remainder of its stake in Wella to KKR & Co. for $750 million and the right to a share of future proceeds from a sale or initial public offering of the haircare brand.
Stocks Stage Comeback as CPI Fuels Treasury Gains: Markets Wrap
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(Bloomberg) — Data showing US inflation cooled at a startling clip last month ignited stock and bond markets, bolstering bulls with prospects for more decisive Federal Reserve rate cuts in 2026.
November CPI Report Raises Doubts About US Inflation Data
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(Bloomberg) — After long-awaited government data showed underlying US inflation cooled to a four-year low in November, economists agreed on at least this much: something was off.
Fed’s Goolsbee Praises ‘Good’ Inflation Report, Wants More Data
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(Bloomberg) — Federal Reserve Bank of Chicago President Austan Goolsbee lauded the November inflation report, which showed a cooling in price pressures, saying it contained a “lot to like.”
UBS Plans January Job Cuts to Start Final Integration Year
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(Bloomberg) — UBS Group AG is set to begin its latest wave of job cuts in mid-January, according to people familiar with the matter.
Swiss Exports to US Rose as Countries Reached Trade Deal
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(Bloomberg) — Switzerland’s exports to the US expanded in the month the Swiss struck a deal to remove outsized American tariffs.
Novartis, Roche Near US Drug Price Deal in Easing of Swiss Trade Tensions
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(Bloomberg) — The White House is set to announce drug pricing deals with pharmaceutical heavyweights Novartis AG and Roche Holding AG as soon as Friday, according to people familiar with the situation, further easing trade tensions with Switzerland after a standoff over tariffs.
Swiss Watch Exports Fell in November Before US Tariff Reprieve
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(Bloomberg) — Swiss watch exports fell for a fourth month as companies waited for the US agreement to ease punitive import tariffs to take effect.
Wall Street Hit by Tech Rout as AI Winners Tumble: Markets Wrap
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(Bloomberg) — Volatility lashed Wall Street, pushing high-valuation technology shares and crypto lower while bonds pared losses after a senior Federal Reserve official signaled room for rate cuts.
Swiss Firms See More Growth But Weaker Wage Pressure in SNB Poll
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(Bloomberg) — Swiss companies are seeing a slight pickup in economic momentum in the current quarter, and weaker wage pressures next year, according to a survey by the Swiss National Bank.
